Fiat Linea Car Loan EMI Calculator

₹ 14,352.
Here is how - Fiat Linea price starts from ₹ 8,54,469 in Bangalore. If you pay a down payment of ₹ 1,46,659 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 14,352.

The cheapest Linea model is Active 1.4 which is priced at ₹ 8,54,469 in Bangalore. You will need to pay at least a ₹ 1,46,659 down payment to buy this model.

Note: Down payment is the amount you would pay upfront to buy your car. Bank give you a loan for the remaining amount.

Here is a model wise list of max loan amount for Linea.

Version	On-road price in Bangalore	Max Loan
Active T-Jet [2014-2016]	₹ 10,24,827	₹ 8,51,385
Dynamic T-Jet [2014-2016]	₹ 11,69,160	₹ 9,72,560
Emotion T-Jet [2014-2016]	₹ 12,67,587	₹ 10,26,497
Active Diesel [2014-2016]	₹ 10,91,977	₹ 9,07,761
Dynamic Diesel [2014-2016]	₹ 12,71,375	₹ 10,29,590
Emotion Diesel [2014-2016]	₹ 13,31,518	₹ 10,78,710
Active 1.4 [2014-2016]	₹ 9,63,594	₹ 7,95,761
Elegante Diesel	₹ 12,07,950	₹ 9,99,900
Active 1.4	₹ 8,54,469	₹ 7,07,810
Emotion T-Jet 1.4	₹ 11,90,784	₹ 9,89,713
Active Multijet 1.3	₹ 10,29,136	₹ 8,54,125
Dynamic Multijet 1.3	₹ 11,12,412	₹ 9,23,975
Emotion Multijet 1.3	₹ 11,83,239	₹ 9,83,384

As a thumb rule, you can get a maximun loan of up to 100% of the ex-showroom price.

Good Practice will be to chose the shortest possible tenure for which you can afford an EMI amount.

• 1. If you select a higher tenure loan, let's say 7 years, your EMI for Linea Active 1.4 will be ₹ 13,318 but you will have to pay interest of ₹ 4,10,902 over the period of 7 years.
• 2. If you select a lower tenure loan, let's say 3 years, your EMI amount will be higher at ₹ 26,776, but your interest payment will be only ₹ 2,56,126 over the 3 years period.

₹ 14,352
Fiat Linea price starts from ₹ 8,54,469 in Bangalore.

We have considered
Down-payement : ₹ 1,46,659
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Linea with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,85,000

As a general rule, banks or other lenders offer you a car loan 3 to 4 times your annual income. Considering the on-road price of Linea starts from ₹ 8.54 Lakh, you can get a loan with an annual income as low as ₹ 2.85 lakh.

Here are the most important things you should consider while getting a car loan for a new Linea

• 1. Interest rate - Go for the loan with the lowest interest rate.
• 2. Additional Charges - processing fee, prepayment charges, late payment penalty are some of the important points you need to check before taking a loan.
• 3. Tenue and Max Loan Amount - Select a lender who gives you a loan that you can afford.
  -If Max loan amount is lower, you will have to shell out more money upfront to buy the car.
  -If Tenue is lower, your per month instalment amount will increase.
• 4. Eligibility - Banks may have stricter eligibility requirements compared to NBFCs or other financial institutions.